Imperial Tobacco considers Logista disposal
16 July 2015

Options include seeking a buyer for its entire shareholding

It has been reported that UK-based Imperial Tobacco Group plans to sell an additional stake in its European logistics business Logista. Reports suggest that Imperial, which owns about 70.0% of Logista, may either reduce its stake to over 50.0%, selling shareholdings to institutions, or it may seek a buyer for the entire stake. The Company floated a portion of Logista on the Spanish stock exchange last year, raising around £395.0 million to pay down debt.